Businessmen strive to invest in Golf Resort in Gelendzhik

EuroChem, a company owned by Andrey Melnichenko, Severgroup of Alexey Mordashov, companies of the United Metallurgical Company and Sinara Group of Dmitry Pumpyansky, as well as a company associated with Invest AG, have made investments in Gelendzhik Golf Resort with a registered capital of 780 million rubles ($13,5 million).

The company was established in February 2017 in Gelendzhik, a Russian resort town situated in the Krasnodar region, on the Gelendzhik Bay of the Black Sea. The Golf Resort is located at the address of Gelendzhik, Mir Street, 21.

Gelendzhik Golf Resort was founded in equal shares (16.5 per cent) by EuroChem, JSC OMK-Service, Severgroup, JSC Sinara Development (a developer branch of Sinara Group), as well as Orion Property based in Moscow and Terra Group LLC headquartered in the Sverdlovsk region.